ZIMA
ActiveSummary
ZIMA has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€168,197) and a net result of €9,131. Equity is shrinking by ~6.9% per year across the filed fiscal years. Its solvency ranks better than 5% of 3510 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability78▼-22
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.33 against 0.27 in 2024; short-term debt: 241.7% and cash: 58.1% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 74
Relative position
BE, all sectors
reference
Other professional, scientific and technical activities (NACE 74)
about 48% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-142.1%
Return on assets
7.7%
Age of the figures
18 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 3510 sector peers (2025).
NBB · sector comparisonPosition among 3510 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 18-07-2025, 105 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
105 d early
2024
58 d early
2023
63 d early
2022
on the day
2021
47 d early
2020
on the day
2019
62 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 48 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today. Usually files around 3 September (4 of the last 5 filed years within 47 days of that day).
Companies Code · seven monthsPosition in the running window
31-03-2026 close29-09-2026 today31-10-2026 deadline
History
Go further with this company
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
-€168,197▲ 5.1%
2024 · -€177,328
Total assets
€118,379▲ 12.9%
2024 · €104,894
Net result
€9,131▼ 82.0%
2024 · €50,772
Working capital
-€191,720▲ 6.9%
2024 · -€205,864
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 74, Other professional, scientific and technical activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€20,048▲ 35.3%-€20,491▼ 2.2%-€35,601▼ 73.7%€52,083€12,951▼ 75.1%
Net result-€20,650below the sector's middle half▲ 34.8%-€21,260below the sector's middle half▼ 3.0%-€36,292below the sector's middle half▼ 70.7%€50,772above the sector's middle half€9,131within the sector's middle half▼ 82.0%
Equity-€170,548below the sector's middle half▼ 13.8%-€191,808below the sector's middle half▼ 12.5%-€228,100below the sector's middle half▼ 18.9%-€177,328below the sector's middle half▲ 22.3%-€168,197below the sector's middle half▲ 5.1%
Total assets€37,946below the sector's middle half▲ 103%€36,822below the sector's middle half▼ 3.0%€38,607below the sector's middle half▲ 4.8%€104,894within the sector's middle half▲ 172%€118,379within the sector's middle half▲ 12.9%
Debt€208,494▲ 23.6%€228,630▲ 9.7%€266,707▲ 16.7%€282,222▲ 5.8%€286,575▲ 1.5%
Working capital-€192,328below the sector's middle half▼ 18.3%-€213,023below the sector's middle half▼ 10.8%-€253,036below the sector's middle half▼ 18.8%-€205,864below the sector's middle half▲ 18.6%-€191,720below the sector's middle half▲ 6.9%
Solvency-449.4%below the sector's middle half▲ 350.8pp-520.9%below the sector's middle half▼ 71.5pp-590.8%below the sector's middle half▼ 69.9pp-169.1%below the sector's middle half▲ 421.8pp-142.1%below the sector's middle half▲ 27.0pp
Current ratio0.08below the sector's middle half▲ 0.040.07below the sector's middle half▼ 0.010.05below the sector's middle half▼ 0.020.27below the sector's middle half▲ 0.220.33below the sector's middle half▲ 0.06
Return on assets (ROA)-54.4%below the sector's middle half▲ 114.6pp-57.7%below the sector's middle half▼ 3.3pp-94.0%below the sector's middle half▼ 36.3pp48.4%above the sector's middle half▲ 142.4pp7.7%within the sector's middle half▼ 40.7pp
above
within
below
the middle half (P25 to P75) of NACE 74, Other professional, scientific and technical activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 75% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €118,379
Fixed assets
€23,960 ▼ 18.0%
Current assets
€94,418 ▲ 24.8%
Key figures and ratios
EBITDA
€19,543▼
2024 · €58,173
Cash flow
€15,723▼
2024 · €56,862
Quick ratio
0.32▲
2024 · 0.25
Debt to equity
-1.70▼
2024 · -1.59
Interest coverage
5.97▼
2024 · 70.11
Debt ≤ 1 year
€286,138▲
2024 · €281,532
Income taxes
€556▲
2024 · €483
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,795 companies that looked in July 2024 the way this one looks now, 2.7% went bankrupt within 24 months and 92% are still going.
- Micro
- 20 years or older
- negative equity
- a profit of 5% of the balance sheet or more
2.7%
went bankrupt
5.3%
stopped otherwise
92%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.4% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,795 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €15,994 | - |
| Remuneration, social security and pensions62 | - | - | €376 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,798 | €4,606 | €7,872 | €6,089 | €6,592 | ▲ 8.3% |
| Other operating charges640/8 | - | €2,177 | €2,071 | €1,487 | €2,225 | ▲ 49.6% |
| Gross operating margin9900 | -€13,855 | -€13,708 | -€25,283 | €59,659 | €21,768 | ▼ 63.5% |
| Operating profit (loss)9901 | -€20,048 | -€20,491 | -€35,601 | €52,083 | €12,951 | ▼ 75.1% |
| Financial income75/76B | - | €2 | - | €2 | €7 | ▲ 187% |
| Recurring financial income75 | €4 | €2 | - | €2 | €7 | ▲ 187% |
| Financial charges65/66B | - | €206 | €116 | €830 | €3,271 | ▲ 294% |
| Recurring financial charges65 | €194 | €206 | €116 | €830 | €3,271 | ▲ 294% |
| Profit (loss) for the period before taxes9903 | -€20,239 | -€20,695 | -€35,717 | €51,256 | €9,687 | ▼ 81.1% |
| Income taxes67/77 | €412 | €565 | €575 | €483 | €556 | ▲ 14.9% |
| Profit (loss) for the period9904 | -€20,650 | -€21,260 | -€36,292 | €50,772 | €9,131 | ▼ 82.0% |
| Profit (loss) for the period to be appropriated9905 | -€20,650 | -€21,260 | -€36,292 | €50,772 | €9,131 | ▼ 82.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €37,946 | €36,822 | €38,607 | €104,894 | €118,379 | ▲ 12.9% |
| Fixed assets21/28 | €21,780 | €21,215 | €24,936 | €29,226 | €23,960 | ▼ 18.0% |
| Tangible fixed assets22/27 | €20,381 | €19,816 | €23,537 | €27,827 | €22,561 | ▼ 18.9% |
| Land and buildings22 | - | €8,226 | €14,656 | €15,958 | €14,038 | ▼ 12.0% |
| Plant, machinery and equipment23 | - | €5,961 | €4,913 | €2,967 | €1,388 | ▼ 53.2% |
| Furniture and vehicles24 | - | €5,629 | €3,969 | €8,902 | €7,136 | ▼ 19.8% |
| Financial fixed assets28 | €1,399 | €1,399 | €1,399 | €1,399 | €1,399 | = |
| Current assets29/58 | €16,166 | €15,607 | €13,671 | €75,668 | €94,418 | ▲ 24.8% |
| Stocks and contracts in progress3 | €4,024 | €4,024 | €4,024 | €4,024 | €4,024 | = |
| Stocks30/36 | - | €4,024 | €4,024 | €4,024 | €4,024 | = |
| Amounts receivable within one year40/41 | €2,643 | €2,127 | €2,483 | €27,575 | €18,710 | ▼ 32.1% |
| Trade receivables40 | - | €1,183 | - | €26,764 | €18,652 | ▼ 30.3% |
| Other amounts receivable41 | - | €944 | €2,483 | €811 | €58 | ▼ 92.8% |
| Cash at bank and in hand54/58 | €3,321 | €3,959 | €4,023 | €41,212 | €68,813 | ▲ 67.0% |
| Deferred charges and accrued income490/1 | - | €5,497 | €3,141 | €2,857 | €2,871 | ▲ 0.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €37,946 | €36,822 | €38,607 | €104,894 | €118,379 | ▲ 12.9% |
| Equity10/15 | -€170,548 | -€191,808 | -€228,100 | -€177,328 | -€168,197 | ▲ 5.1% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€189,148 | -€210,408 | -€246,700 | -€195,928 | -€186,797 | ▲ 4.7% |
| Amounts payable17/49 | €208,494 | €228,630 | €266,707 | €282,222 | €286,575 | ▲ 1.5% |
| Amounts payable within one year42/48 | €208,494 | €228,630 | €266,707 | €281,532 | €286,138 | ▲ 1.6% |
| Financial debts43 | - | €26 | €26 | €242 | €3,356 | ▲ 1,286% |
| Credit institutions430/8 | - | €26 | €26 | €242 | €3,356 | ▲ 1,286% |
| Trade debts44 | €21,086 | €22,068 | €21,814 | €27,868 | €41,880 | ▲ 50.3% |
| Suppliers440/4 | - | €22,068 | €21,814 | €27,868 | €41,880 | ▲ 50.3% |
| Taxes, remuneration and social security45 | - | €1,614 | €1,766 | €10,844 | €18,477 | ▲ 70.4% |
| Taxes450/3 | - | €1,614 | €1,766 | €10,844 | €18,477 | ▲ 70.4% |
| Other amounts payable47/48 | - | €204,922 | €243,102 | €242,578 | €222,425 | ▼ 8.3% |
| Accrued charges and deferred income492/3 | - | - | - | €690 | €437 | ▼ 36.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€20,650 | -€21,260 | -€36,292 | €50,772 | €9,131 | ▼ 82.0% |
| + Depreciation and write-downs630 | €3,798 | €4,606 | €7,872 | €6,089 | €6,592 | ▲ 8.3% |
| Operating cash flow (approximation) | -€16,852 | -€16,654 | -€28,420 | €56,862 | €15,723 | ▼ 72.3% |
| Investment in fixed assets (approximation) | - | -€4,041 | -€11,593 | -€10,379 | -€1,326 | ▲ 87.2% |
| Change in cash | - | €638 | €64 | €37,189 | €27,601 | ▼ 25.8% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
18-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
03-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Back to profitnet €50,772
Net result €50,772 after 5 loss-making years.
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Weakest financial yearnet -€36,292
Net result drops to -€36,292, the lowest in the series; recovery starts the following year.
2022
31-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
14-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
31-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
12-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Pelt · 1 establishment unit since 2004
Ground area
902 m²
Building footprint
198 m²
Volume, LiDAR
949 m³
Parcel 72362C0913/00L000, Flanders · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
ZIMA Fotografie / ZIMA Management
since 20042.139.246.116
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72362C0913/00L000 | Flanders | 901 m² | 1 · 198 m² | 8.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 14,138 companies in sector 74201 we hold annual accounts for 2,616. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded27-08-2004
Fiscal year end31-03
Activities, NACEBEL 2025
74201Photography, excluding press photography
70200Business and other management consultancy
74209Other photographic activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0866969271
Also
9925:BE0866969271
Registered
07-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.